The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States

Abstract

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Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

“…Unfortunately, the data source we used does not contain any direct information on parental wealth, so following Kohara and Ohtake (2011) and Niimi and Horioka (2016), we tried using the educational attainment of the respondent's father as a proxy for parental wealth. However, the coefficient of this variable was never significant and including it did not cause any appreciable changes in any of the other coefficients.…”